You Recently Won a Contest Sponsored by a Local Radio

question 111

Multiple Choice

You recently won a contest sponsored by a local radio station.The radio station will pay you $2,500 at the end of each of the next 15 years.Assuming an interest rate of 3%,what is the present value of this prize?

• A)$46,498
• B)$29,845
• C)$28,240
• D)$42,715

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Definitions:

Special Pointer

A term not commonly used in standard programming documentation, possibly referring to a pointer with a specific function or capability beyond normal referencing. NO.

Pointers

Variables that store memory addresses, typically of another variable.

Members of Structures

Variables defined within a struct in C/C++, which can represent different data types and are used to store related data under a single name.

Dot Operator

A symbol used in programming languages like C++ and Python for accessing attributes or methods of an object.